Student loan giant Navient (NAVI) promised to revamp a loan forgiveness program designed for public servants after settling a 2018 class action lawsuit from student loan borrowers. The preliminary settlement — still subject to final approval by the court — requires Navient to “enhance its internal resources, maintain regular training and monitoring for call center […]
Netflix (NFLX) CEO Reed Hastings and his wife Patty Quillin are committing $120 million to the United Negro College Fund and historically black higher education institutions Spelman College and Morehouse College. The donation, the largest of its kind, was partly...
Congress created the Public Service Loan Forgiveness Program (PSLF) in 2007 to help various kinds of public service workers erase their student debt after ten years of loan payments. But management of the program is widely considered to be a failure as more than 98%...
One of the solutions being floated involves income-share agreements (ISAs), a type of financing where a student pays for education by paying a percentage of their income after graduation. “Over the last several years we’ve certainly seen a resurgence and the...
Consumer advocates are suing Education Secretary Betsy DeVos and Treasury Secretary Steven Mnuchin for their departments’ failure to stop seizing student loan borrowers’ tax refunds to pay for their defaulted loans, despite declaring that it would stop doing so on...
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